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    655 Main St Perham, MN 56573

    Sponsored
    For Sale
    $1,350,000

    High-Return Multi-Business Complex

    Property size:
    7,124 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    Exceptional investment opportunity in Perham, MN. This 7,124 square foot retail property sits on a 0.66-acre lot at 655 W Main Street and includes a diverse range of established businesses: an auto parts store, convenience store, gas station, car wash, and a take-and-bake pizza operation (with an existing tenant). The property boasts a proven track record of high return on investment, making it an attractive prospect for savvy investors. The sale includes the real estate and existing businesses

    Property Features for 655 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    7,124 SF
    Lot Size
    28,750 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Westside Services Gas Station

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Perham
    County
    Otter Tail
    State
    Minnesota
    Longitude
    -95.57978
    Latitude
    46.5978

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Retail property - High-Return Multi-Business Complex
    Where is this retail property located?
    The property is located at 655 Main St Perham, MN.
    What is the asking price?
    The asking price for this property is $1,350,000.
    (218) 844-8008
    Request Owner's contact information
    655 Main St Perham, MN 56573
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    Perham, MN 56573
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    655 Main St Perham, MN 56573
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